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Sr./Lead Accountant, Reinsurance (Remote or Glastonbury, CT/Hybrid)

Crum & Forster (United States Fire Insurance Company) · Connecticut

📍 GLASTONBURY, CTvia icimsPosted 2024-07-28
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Crum & Forster Company Overview Crum & Forster (C&F) provides market leading property & casualty, accident & health, specialty and standard commercial lines insurance solutions. A true underwriting company, we have a 200-year history of helping our customers manage risk with laser-focused expertise, integrity and discipline. Our people are empowered to make decisions and problem-solve with you smartly and swiftly. Our annual gross written premium is 6.2 billion. C&F enjoys a financial strength rating of "A+" (Superior) by AM Best. Our most valuable asset is our people. We have 3000 employees, and locations throughout the United States and India. With our employee-first focus, the Company is consistently recognized as a great place to work, earning multiple workplace and wellness awards, including the Great Place to Work® Award, Fortune 100 Best Companies to Work For, Fortune Best Workplaces for Parents, Fortune Best Workplaces for Millennials, and many others. C&F is part of Fairfax Financial Holdings. For more information about C&F, please visit our website: www.cfins.com Job Description Since 2000, Crum & Forster’s Accident & Health division (A&H) has offered a diverse portfolio of specialty insurance and reinsurance products nationwide. We place a strong focus on product development and creative distribution methods, along with excellent client service and support. In addition to our robust domestic portfolio, which spans both special risk and medical solutions, A&H works on an international basis through various partnerships. Our global capabilities provide our partners with even broader flexibility in underwriting solutions. The qualities and capabilities of Crum & Forster Accident & Health demonstrate our philosophy of building meaningful, long-term partnerships and our dedication to providing alternative strategies in an ever-changing insurance market. The A&H Specialty Business Unit takes a forward-thinking, flexible approach to solutions that span a robust slate of products tailored to needs in Special Risk, International Travel Medical, retail and wholesale Travel and Occupational Risk. At year-end 2024, the SBU recorded $1,391M in gross premium written. Information about the Role, Line of Business and Team: As the Occupational Risk Profit Center continues to grow, so does the need for talented individuals to aid in the success of the division.   This role will focus on the accounting and finance responsibilities associated with managing an Insurance Agency within an Insurance Carrier. In this position you will interact internally with: Underwriting, Actuarial, Claims, Compliance, IT, and externally with Occupational Accident’s business partners. The role can be based on our Glastonbury, CT location/hybrid or Remote. If remote, quarterly travel and additional travel as needed is required to our Glastonbury, CT location. What you will do: Oversee and manage all accounting functions related to occupational accident operations, ensuring compliance with industry regulations, GAAP, and internal policies. Prepare, analyze, and oversee monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements. Manage the month-end, quarter-end, and year-end close processes, including journal entries, reconciliations, and reporting, ensuring all deadlines are met. Conduct detailed account reconciliations and address discrepancies to ensure accuracy and compliance. Prepare monthly general ledger interface entries to record premiums, expenses, losses, and commissions. Analyze financial data and provide insights to support decision-making, strategic planning, and forecasting. Support the preparation of budgets and forecasts by providing detailed financial analysis and variance explanations. Oversee the receiving, invoicing, vendor payment, and commission payment processes, resolving discrepancies as needed. Guide and mentor junior accounting staff, fostering a collaborative and productive work environment, and assist with training new team members. Collaborate with internal and external auditors during audits, providing necessary documentation and explanations. Review, improve, and implement process changes to yield greater efficiencies within accounting operations. Utilize Salesforce and Accounting Seed to manage accounting data, track performance metrics, and generate reports for management review. Process and review intercompany billing and transactions, ensuring proper documentation and accuracy. Assist in reviewing and documenting business processes to identify opportunities for improvement and support implementation projects, including new accounting systems or software. Stay current on industry trends and best practices to enhance the effectiveness of accounting operations. Captive and Reinsurance-Specific Functions: Oversee and manage accounting for captive insurance entities, including preparation of statutory financial statements and regulatory filings. Coordinate and reconcile reinsurance transactions, including ceded and assumed premiums, losses, and commissions. Prepare and analyze Schedule F (Reinsurance) and other regulatory schedules related to reinsurance and captive operations. Monitor and account for collateral and trust arrangements associated with captive and reinsurance agreements. Ensure compliance with all regulatory requirements specific to captives and reinsurance, including reporting to state insurance departments. Liaise with captive managers, reinsurers, and external auditors to support audits and regulatory examinations. Assist in the structuring and accounting for new captive and reinsurance programs, including documentation and implementation of related processes. What YOU will bring to C&F: Strong technical and analytical skills with a focus on data driven workflows. Ability to work in a fast paced, deadline-driven environment

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